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Two-wheeler EV firms see growth in post-Covid demand for personal transport

SMEV data shows that two-wheeler EV sales between April and December stood at around 80,000 units - 3,000 units in Q1 (April-June), rising to 35,000 units in Q2 and 42,000 in Q3

Topics
Electric Vehicles | Ola electric vehicles | Hero MotoCorp

T E Narasimhan  |  Chennai 

two wheeler, e-bike, e-scooter, evs, electric vehicles, 2 wheeler, bike, motorcycle, royan enfield, manufacturing, automobile
Driving this relatively strong performance is the FAME II scheme. Under this, two-wheeler EVs will get a Rs 20,000 per vehicle subsidy to reduce upfront cost for the consumer

The two-wheeler electric vehicle (EV) industry had started 2020 in power mode, thanks to the government’s Rs 10,000-crore Faster Adoption and Manufacturing of Hybrid and (FAME-II). New-age EV companies and traditional players such as Bajaj and TVS launched new EVs, and the industry had set itself an optimistic target of 2,50,000 units in FY 21 against 1,50,000 in FY20.

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First Published: Sat, January 02 2021. 06:10 IST